Apple Seeks to Block Samsung Sales

Before you go, we thought you'd like these...
Before you go close icon

Now that Apple Inc. (NASDAQ: AAPL) has successfully argued Samsung has infringed on its patents, Apple is now looking to take Samsung devices off the markets.

Apple is looking to ban eight different products of Samsung's: Galaxy S 4G, Droid Charge, Prevail,  S2 AT&T, S2 Skyrocket, S2 T-Mobile, S2 Epic 4G and the S Showcase, according to a filing. This comes after Apple won more than $1 billion following a ruling that Samsung infringed on six of Apple's patents.

If Samsung's were banned, it would be a significant burden to the company's top line. Samsung generated 16% of its 2012 revenue in the America's as of June 30, according to Bloomberg.

"The evidence and weight of the case are heavily in Apple's favor," Jefferies & Co analyst Peter Misek told Reuters. "We expect there is a two-thirds chance of an injunction against Samsung products."

A hearing on the matter will take place Sept. 20.

Apple shares reached an all-time high Monday, closing at $675.68.

Samuel Weigley

Follow him on Twitter: SWeigley


Filed under: 24/7 Wall St. Wire, Technology, Technology Companies Tagged: AAPL
Read Full Story

Markets

S&P 500 2,364.37 3.24 0.14%
DJIA 20,690.93 31.61 0.15%
NASDAQ 5,902.66 5.12 0.09%
DAX 12,256.43 53.43 0.44%
NIKKEI 225 19,063.22 -154.26 -0.80%
HANG SENG 24,301.09 -90.96 -0.37%
USD (per EUR) 1.07 -0.01 -0.59%
USD (per CHF) 1.00 0.00 0.32%
JPY (per USD) 111.46 0.31 0.27%
GBP (per USD) 1.25 0.00 0.29%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

This Elephant Was Separated From Her Mother As A Baby - But She's About To Get A Huge This Elephant Was Separated From Her Mother As A Baby - But She's About To Get A Huge
19 of the Creepiest, Most Inexplicable Things People Ever Experienced 19 of the Creepiest, Most Inexplicable Things People Ever Experienced
Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked